TSXV:AAZ - Post Discussion
Post by
EagleHasLanded on Jul 10, 2024 8:12pm
Uranium prices soar
Uranium mining stocks soared on Wednesday after a surprise hike in extraction taxes in Kazakhstan, the world’s largest uranium-producing country, which BMO Capital Markets said will limit future supply growth.
As Interfax first reported, the government in Kazakhstan introduced a new Mineral Extraction Tax (MET) for uranium, replacing the existing 6% flat rate MET introduced in 2023.
https://www.zerohedge.com/markets/uranium-stocks-soar-new-mineral-tax-kazakhstan-will-drive-higher-uranium-prices
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